According to many economists, a factor in controll
According to many economists, a factor in controlling inflation is avoiding attempts to drop this other quantity below its "natural" level. Its types include "frictional," "cyclical," and "structural." The Phillips Curve posits an inverse correlation between this quantity and inflation, which was discredited by the "stagflation" phenomenon of the 1970s. As of August 2010, it stood at 9.5 percent in the U.S. For 10 points, give this term for the percentage of adults who are able and willing to work but do not have jobs.
According to many economists, a factor in controlling inflation is avoiding attempts to drop this other quantity below its "natural" level.
{unemployment} rate